electronic payment system

 One more online payment system has disappeared due to the efforts of the third party. This time the e-commerce society said good bye to ePassporte payment system which was closed due to ‘circumstances beyond their control.’

On October 5,2010 all ePassporte account holders received the following message from the company:

Dear ePassporte Account Holders,

It is with great regret we inform you that ePassporte must close its doors due to a lack of revenue and circumstances beyond our control.

iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, announces its newest partner, Litle & Co., a leading provider of online payment processing and consultative merchant services. This partnership will combine the payment management and fraud protection expertise of both companies in order to help online businesses increase payment security and reduce losses.

Visa gave a new tool to the providers of payment related services after releasing its extended Registry of Service Providers that enables organizations to market their services to potential clients around the world. The Registry was previously limited to service providers that have been validated by a qualified security assessor to be compliant with the Payment Card Industry Data Security Standards (PCI DSS).

PayPoint Plc, an electronic payments firm whose services include bill payment terminals and ATM machines, reported a 19 % increase in like-for-like pretax profit and said it was confident of opportunities for further growth in the coming year. The firm said pretax profit for the year ending March 29 was 35 million pounds ($56.1 million), on revenues 7 % higher at 224 million pounds.